Albertus Wiroyo

General Information

Experience

PT. AXA Financial Indonesia

Chief Executive Officer  - AXA S.A

Chief Executive Officer  - PT. AXA Services Indonesia

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"We grew more than Indonesia's life insurance industry, which grew 24.3 percent last year," AXA Mandiri president director Albertus Wiroyo said on Tuesday.
He said that unit-linked products amounted to 76 percent of the company's portfolio last year. That was also a reflection of us - we saw an increase in premiums and also in giving benefits to our clients," Albertus said. The company's risk-based capital (RBC) stood at 533 percent for its conventional portfolio, far higher than the minimum requirement of 120 percent. RBC for its sharia portfolio was 47 percent, still higher than the minimum requirement of 30 percent, which will be implemented by the end of 2014 to replace the current requirement of 5 percent. Albertus said that his company's performance resulted in a stronger position as a leader of bancassurance, in which insurance products are sold by bank tellers, reporting a market share of 38.8 percent in Indonesia. "In 2011, AXA Mandiri managed to maintain healthy business growth due to shareholders' support, Bank Mandiri and AXA, which has a global skill in insurance risk management," Albertus said.

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